Monero Going After Hackers With New Workgroup Site

Privacy coin company Monero announced via its blog on Sept. 26th that it will be launching a new website to help combat illicit mining of its cryptocurrency.

Introducing the Monero Malware Response Workgroup Website: https://t.co/y8gD9eQDuR

– Monero || #xmr (@monero) September 27, 2018

Its currency has encountered. These troubles include a spike in illicit cryptocurrency mining targeting Monero and other coins and a recently patched bug that would have let hackers "Burn" exchange wallets and render the accounts unusable. Company contributor Justin Ehrenhofer explains why the company launched the site in Monero's blog entry:

"While the vast majority of users take advantage of these features for good, some attackers use. They may run miners on web pages that activate without a user's consent. "

Ehrenhofer goes to to the use of malware for illicit mining, stating that there are several charitable organizations that use wrong.

Finding a balance

The central feature of Monero is its mandatory privacy. Transactions on the Monero network are rendered untraceable via ring signatures which hide transaction details on the network. This feature is a double-edged sword in that it protects the privacy of users while potentially masking criminal activity.

The creators of Monero wanted to help educate their user base on the presence and seriousness of illicit mining while keeping this privacy feature intact. Monsters to physical miners instead of its Coinhive software program, so that it is decided to launch the site, putting the ability to remove malware into the user's hands.

What's on the site?

According to Ehrenhofer's post, the site of the basic principles of Monero, and the mining of the cryptocurrency. Secondly, the site hosts resources explaining how to stop illicit in-browser, system, and ransomware mining by identifying and removing malicious software. Says Ehrenhofer:

The website is purposefully approachable to absolute newcomers so that anyone can understand, though it offers actionable information that novices and experts alike can follow.

"It's our mission to resolve an unfortunate situation as well as possible."

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